Overview
What is Seneca Towers Inc?
Seneca Towers Inc, established in Rochester, New York, is a nonprofit organization with a mission to provide housing facilities for elderly individuals with low income. Based at 249 Northton Village Lane, this organization has dedicated its efforts to cater to the housing needs of approximately 493 seniors in the city. The primary objective of Seneca Towers Inc is to provide affordable housing options, ensuring that the elderly population of Rochester has a safe and comfortable living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Seneca Towers Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of performance, particularly in the area of Accountability & Finance. The charity's score is primarily derived from its strong practices regarding financial oversight and governance, showcasing a commitment to transparency and ethical management.
One of the notable strengths of Seneca Towers Inc is its independent board structure, with 87% of board members being independent, which enhances its governance. The organization also scored full points in several areas, including its audit committee and policies addressing conflicts of interest and whistleblowing. Additionally, the charity has a commendable program expense ratio of 85.52%, which suggests that a significant portion of its resources is directed toward its mission-driven activities.
However, with a rating of 79%, there is room for improvement in certain aspects. While the accountability indicators are strong, further details on program impact and outcomes could enhance the organization's overall score and public perception. Continued focus on transparency and effective communication of its mission and results would benefit Seneca Towers Inc in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Seneca Towers Inc legitimate?
Seneca Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seneca Towers Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Seneca Towers Inc?
Seneca Towers Inc, as a non-profit organization, is dedicated to providing housing facilities for individuals of advanced age who have limited income. Its primary mission is to offer suitable living spaces for this specific demographic, ensuring they have a place to reside with dignity and security. By doing so, Seneca Towers Inc aims to contribute positively to the community by addressing the housing needs of this often overlooked population. The organization's housing facilities are designed to cater to the unique requirements of elderly low-income residents, thereby promoting their overall well-being.
Who is the CEO of Seneca Towers Inc?
Margaret J Hill is the Director of Seneca Towers Inc.
What is the revenue of Seneca Towers Inc?
Seneca Towers Inc's revenue in 2022 was $3,030,363.
Who are the executives of Seneca Towers Inc and what are their salaries?
There 7 volunteers at Seneca Towers Inc.
Here are 9 key members and their salaries:
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- Other: $0
- Compensation: $0
- Related: $223,822
- Other: $17,994
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- Other: $0
- Compensation: $0
- Related: $127,470
- Other: $2,431
Where can I find the form 990 for Seneca Towers Inc?
Seneca Towers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Seneca Towers Inc
Seneca Towers Inc, as a non-profit organization, is dedicated to providing housing facilities for elderly individuals of low income. Their mission is centered around offering not just a place to live, but a home, on a not-for-profit basis. The organization's primary focus is to cater to the housing needs of this specific demographic, ensuring they have a secure and comfortable living space. By doing so, Seneca Towers Inc contributes to the well-being of these individuals, providing them with a sense of security and independence in their golden years.
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Impact
October, 2024
Seneca Towers Inc significantly impacts the Rochester, NY community by providing essential housing facilities for low-income elderly residents. With 493 units dedicated to this demographic, Seneca Towers fosters a safe and supportive living environment that addresses the specific needs of aged individuals who may face financial challenges. By ensuring access to affordable housing, the organization plays a crucial role in enhancing the quality of life for seniors, promoting stability, dignity, and independence. This initiative not only alleviates housing insecurity among the elderly but also contributes to the overall well-being of the community by allowing seniors to remain engaged and connected within their neighborhood.
This information is meant to be a general summary of Seneca Towers Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $143
- Program Service Revenue: $3,030,220
- Gross Receipts: $3,030,363
Assets and Liabilities:
- Total Assets: $7,337,649
- Total Liabilities: $8,239,014
- Net Assets: -$901,365
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL INCOME
Revenue
$2,761,234
OTHER INCOME
Revenue
$117,050
COMMERCIAL RENTAL INCO
Revenue
$82,811
LAUNDRY
Revenue
$45,905
AIR CONDITIONERS
Revenue
$23,220
Organization Details
Founding Year
1967
Phone
(585) 467-2442Principal Officer
Margaret J Hill
Main Address
249 NORTON VILLAGE LANE, ROCHESTER, NY, 14609
NTEE Category
Code: L220 - Housing
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